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GST Registration

GST stands for Goods and Service and GST bill was imposed by the Central Government of India after it was passed in Lok Sabha for replacing all the indirect taxes, whether state or central. That’s why now it is mandatory for the businesses who are involved in the supply of goods to register for GST.

Any businesses, casual traders and people paying TDS having a valid PAN, crosses the turnover as per GST limit and registered under current income tax law, can register for GST to gain legal recognition. The businesses had a turnover of more than Rs 20 lakhs or Rs 10 lakhs for North-Eastern states should register for GST.

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How to Do GST Registration Online?

Here is the step by step procedure of doing the registration online:

  1. Visit the website.
  2. On the navigation menu, click on the ‘Services’ tab.
  3. There will be four options, click on ‘Registration’.
  4. Under the ‘Registration’ tab, click on ‘New Registration’.
  5. You will be redirected to a new page.
  6. On a new page, you will find two options; ‘New Registration’ and ‘Temporary Reference Number’.
  7. Opt for ‘New Registration’ and select your status whether you are a taxpayer or a GST practitioner. Enter all the details such as legal business name, PAN number, registered email and mobile number where OTP can be received by you for verification.This is Part-A of the form.
  8. Based on the business you are into, you will be requested to add some more documents.
  9. After you will receive the Application Reference Number through mail or sms, you will be required to fill some more details in Part-B of the form.
  10. The application will be further verified by the GST official who will decide whether to approve it or not based on the available documents.
  11. If all the documents will be available, the GST officer will approve it.

If a trader has multiple branches, separate registration is required for each state.

Now a question arises, what if the GST registration is not completed by the person for whom it’s mandatory?

The answer is that the offender will face a penalty of 10% of the tax amount in which minimum amount will be Rs.10,000.The offender will be charged 100% of the tax amount in case of preconceived tax evasion.

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